With consumer prices up 8.2% in September from a year ago, bolstered by rising rents and higher costs for food, healthcare and cars, the Fed faces more pressure.
Shoppers are also getting a speedy start on the holiday shopping season, picking up gifts in October as retailers includingpushed out holiday discounts earlier than usual to help shoppers spread out their spending in difficult economic times, in addition to clearing out unexpectedly high inventories.
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